5 Fees You Shouldn't Be Paying -- Ever
NEW YORK (TheStreet) -- If there's one dangerous place to be in the financial world, it's between a bank and its fees. After all, banks make $30 billion annually on checking account fees alone.
But that's exactly where you should be: taking a stand on onerous bank fees on services that are either overrated or that you don't need at all.
That's the outlook from Take Charge America, a Phoenix, Ariz., nonprofit credit counseling and debt management agency that says there are plenty of bank fees you really shouldn't be paying, but it's hard for the average consumer to figure out exactly which can be avoided with no repercussions.
"In many cases, people don't realize how much they're paying out, as the charges are automatically deducted from checking accounts or tacked onto credit card statements," says Mike Sullivan, chief education officer at the nonprofit. "It can seriously add up from month to month, year to year."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV